KeyBanc initiated coverage of Fastly (FSLY) with a Sector Weight rating and no price target The firm sees an opportunity for investors “interested in going further out on the risk curve for a de-leveraging story” in Fastly. However, among its peers, Fastly has “the highest variance outcome of the set – a boom or bust situation that we do not yet have conviction on which side we land,” the analyst tells investors in a research note.
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